Web Sify
Follow us on
Mail
Print

Prestige Estates Q3 revenues up 96%

Source : IBNS
Last Updated: Tue, Feb 12, 2013 18:57 hrs

Bangalore, Feb 12 (IBNS) Prestige Estates, one of South India's leading real estate developers, on Tuesday announced its financial results for Q3 FY 12-13, where it registered a 96% growth in revenues.

Financial Highlights

. Revenues at Rs. 5,116 million, up by 96% as compared to Rs. 2,609 million of the previous quarter (Q2 - FY12-13) and up by 185% as compared to the corresponding previous year's quarter (Q3 - FY 11-12) revenues of Rs. 1,798 million.

. EBIDTA at Rs. 1,619 million, up by 76% as compared to Rs. 920 million of the previous quarter (Q2 - FY12-13) and up by 157% as compared to the corresponding previous year's quarter's (Q3 - FY 11-12) EBIDTA of Rs. 630 million.



. PAT at Rs. 920 million, up by 101% as compared to Rs. 457 million of the previous quarter (Q2 - FY12-13) and up by 227% as compared to the corresponding previous year's quarter's (Q3 - FY 11-12) PAT of Rs. 281 million.

. EPS at Rs. 2.81, up by 101% as compared to Rs.1.39 of the previous quarter (Q2 - FY12-13) and up by 228% as compared to the corresponding previous year's quarter's (Q3 - FY 11-12) EPS of Rs. 0.86.

. Rental income at Rs. 562 million, up by 10% as compared to Rs. 509 million of the previous quarter (Q2 - FY12-13) and up by 41% as compared to the corresponding previous year's quarter's (Q3 - FY 11-12) rental income of Rs. 399 million.

. Debt-equity ratio stood at 0.43 as compared to 0.47 of the previous quarter (Q2 - FY12-13), thereby registering a positive reduction of 9%.


Operational Highlights

Prestige clocks Rs. 30,000 million of pre-sales in just 9 months of FY 12-13 - setting a new benchmark and a record

. The Company has sold 3,061 units for the 9 months ended December 31, 2012 totalling to 6.05 million square feet thereby translating to Rs. 30,767 million of Sales.

. For the quarter ended December 31, 2012, the Company has sold 1.44 million square feet of Residential and Commercial space aggregating to Rs. 7,540 million.
. Completed and delivered 1.78 million square feet of Commercial Office space.

. The total new leasing for the quarter stood at 0.85 million square feet, up by 57% as compared to the previous quarter's leasing of 0.54 million square feet and up by 9% as compared to the corresponding previous year's quarter's leasing of 0.78 million square feet.

. Collections for the quarter aggregated to Rs. 5,076 million, up by 55% as compared to the corresponding previous year's quarter's collection of Rs. 3,280 million. The total collections for the nine months ended December 31, 2012 aggregated to 14,367 million.

Irfan Razack, Chairman and Managing Director, Prestige Estates Projects Limited, said: "As you can notice, apart from registering record pre-sales of over Rs. 30,000 million in just 9 months, we have already crossed most of our annual guidance for FY 12-13 in just 9 months itself."

More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify news